further insights to the underpricing phenomenon surrounding IPOs and long-run performance of IPO shares subsequent to listing …

spending. Further, pre-IPO marketing spending does not incrementally reduce underpricing or improve long-run performance when …-IPO marketing spending and IPO underpricing, few studies explore the impact of marketing spending on stock price performance beyond … investigating the effect of marketing expenditures on underpricing during extreme market conditions. Second, the authors are the …

look at the demand for reputable audit firms and the importance of reputation capital in the signaling mechanism. Design … were applied to test the relationship between the use of reputable audit firms and the level of underpricing of new issues … level of underpricing. However, this relationship becomes more negative when Big Four audit firms and prestigious …

, IPO underpricing and the long-run performance of IPOs and to find out the ex ante difference in the market structure … derive unbiased estimates of the relationship between government ownership, IPO underpricing and firm quality. Findings We … find the ex ante uncertainty and earning management partially explain the IPO underpricing phenomenon in the Thai IPO …

Purpose – A variety of papers have analyzed the underpricing of REIT IPOs or property company IPOs. The purpose of this … paper is to compare the two sectors and examines differences in the underpricing of the two types of IPOs. Design …/methodology/approach – An OLS regression is used to identify factors influencing the underpricing of A-REIT and property company IPOs from 1994 …

Purpose The purpose of this paper is to investigate the underpricing of real estate investment trust (REIT) initial … regression analysis to examine the factors that influence IPO underpricing. Findings The study observes that underpricing, on … direct substitute for the indirect cost of underpricing, instead the authors find that higher underwriting costs are …

the level of underpricing among Malaysian initial public offerings (IPOs). Design/methodology/approach – Content analysis … direct relationship between the firm’s financial performance and the level of foreign activity, and the level of underpricing … disclosure but do not have any influence on underpricing. Research limitations/implications – This empirical study concentrates …

Purpose The purpose of this paper is to investigate whether the Boardroom heterogeneity affects IPO underpricing for … listed on China’s Growth Enterprise Market from its start in 2009 to 2012. Findings The author found that IPO underpricing … heterogeneity in tenure. Board heterogeneity affects IPO underpricing of entrepreneurial firms partially, which means functional …